(BFM Stock Exchange) – Pakistani place opens up very sharply on Monday, May 12 after the two countries agreed on Saturday May 10 to stop hostilities.

The Karachi Stock Exchange gave itself 9% on Monday at the opening, welcoming the announcement during the weekend of a ceasefire with India, after a plummeting of several days weighed down by the worst confrontation between the two nuclear powers for decades.

“This rebound was born from upward factors which made investors have forgotten fear to focus on opportunities,” Sana Tawfiq, Pakistani analyst, told AFP.

In parallel on Friday, the International Monetary Fund (IMF) announced to release approximately a billion dollars in immediate funds for Pakistan.

A “total and immediate ceasefire”

This disbursement within the framework of the review of an existing aid program intervened when the international community was worried that the two neighbors, rivals since their partition in pain in 1947 at the start of the British colonizer, do not reach the point of no return.

“The upward overthrow is reinforced by the IMF which has brought funds and validated the reforms started by Pakistan”, which sinks into austerity to try to avoid being on the verge of bankruptcy as was the case three years ago.

On Saturday, US President Donald Trump announced to everyone’s surprise on his social network a “total and immediate ceasefire” which so far holds even if the two armies accused themselves of “violations” in the first hours of his entry into force.

Donald Trump also promised to “significantly increase trade” with India and Pakistan.

“To maintain optimism, the ceasefire will have to be held, that the reforms accelerate, and to resist global trends, on oil for example,” warns the economist Sanie Khan to AFP.

(With AFP)